Quote:
Originally Posted by cyde01
export reliant foreign countries use government policies to adjust their currency exchange rates so their products will be cheaper in the US, more sales in the US means more manufacturing jobs in their country. the US meanwhile believes blindly in free trade, which means exporters get a free pass to sell their products cheaply in the US while US products remain pricey overseas. as a result we get their stuff at cut rate prices but it also means our domestic manufacturing sector has been almost decimated because we can't export anything at a fair price. but i digress..
|
Sounds like a good deal to me. If poor countries want to give us foreign aid, I won't object. Plus if we have money left over from cheap cars that's more stuff for us to buy domestically, increasing sectors such as restaurants.